NORFOLK, VA. — The sequestration restrictions on military funding are not likely to go away anytime soon and could result in a U.S. naval force of 250 ships, Vice Chief of Naval Operations Adm. Michelle Howard said on Tuesday. Read More →

A unit for the future aircraft carrier John F. Kennedy (CVN-79) rests on the assembly platen at Newport News Shipbuilding on March 5, 2014. US Navy Photo

Mike Petters — chief executive officer of Huntington Ingalls Industries (HII) — said delays in U.S. Navy contracts for the refueling and complex overhaul (RCOH) of USS George Washington (CVN-73) and construction contracts for the second Gerald Ford carrier John F. Kennedy (CVN-79) are causing the shipbuilder concern, during a Thursday call with investors. Read More →

The following is the U.S. Navy’s: Report to Congress on the Annual Long-Range Plan for Construction of Naval Vessels for FY 2015, or colloquially known as the 30-year shipbuilding plan. The report, usually due with the Navy’s budget submission, was given to Congress on July 1, 2014.Read More →

From the Congressional Budget Office report, Options for Reducing the Deficit: 2014 to 2023:

The Congress faces an array of policy choices as it confronts the dramatic increase in the federal government’s debt over the past several years and the prospect of large annual budget deficits and further increases in that debt that are projected to occur in coming decades under current law. Read More →

From the Nov. 19, 2013 Government Accountability Office report, Navy Shipbuilding: Opportunities Exist to Improve Practices Affecting Quality.
The Navy has experienced significant quality problems with several ship classes over the past several years. It has focused on reducing the number of serious deficiencies at the time of delivery, and GAO’s analysis shows that the number of deficiencies—particularly “starred” deficiencies designated as the most serious for operational or safety reasons—has generally dropped. Read More →